Contractual Partner definition
Examples of Contractual Partner in a sentence
The affected Contractual Partner will take actions immediately in order to restart the process of electronic data exchange.
The corresponding obligations of the other Contractual Partner shall not apply accordingly.
Both Contractual Partners shall be obliged to treat in confidence any operational or business related procedures and project related data which are/were obtained in relation to the performance of this Agreement from the other Contractual Partner.
If the other Contractual Partner fails to comply with the order to nominate an arbitrator within four weeks or if the arbitrators do not select their chairman within four weeks from the second arbitrator being nominated, either Contractual Partners may apply to the President of the Higher Regional Court [Oberlandesgericht] Celle to propose the second arbitrator or chairman respectively; the proposal is binding upon the Contractual Partners.
Both Contractual Partners may only set off claims against those of the other Contractual Partner or assert a right of retention as far as its claims are undisputed or have been confirmed by a court judgement.
The liability of the Contractual Partner according to number 2 in respect of property damages caused with gross negligence shall be limited to 1 (in words: one) million euro damaging event subject to number 4.
Force majeure means any event which is beyond the control of the affected Contractual Partner that could not have been avoided by steps which might be reasonably expected to have been taken by a Contractual Partner, e.g. natural catastrophes, war, cases of emergency, etc.
Compensation claims that are based on gross negligence shall be time barred after the expiry of one year from the date on which the Contractual Partner has gained knowledge of the damage and of the circumstances justifying the claim, at the latest three years after the occurrence of the damaging event.
The affected Contractual Partner shall advise the other Contractual Partner on this matter without delay.
A Contractual Partner shall be released from carrying out its obligations resulting from this Agreement for so long as and to the extent that he is prevented from carrying out any of its obligations or fulfilment is unbearable as a result of force majeure, of governmental or court measures or of other circumstances that are not caused by him.